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Uber, along with Airbnb, has been summoned to face the Senate tax avoidance enquiry in October after filing its first set of income accounts with the Australian Securities and Income Commission. The accounts covered the initial start-up phase of nine months to June 2013.

The numbers submitted by the multinational cab hailing company is too little compared to the huge number of rides it offered the Australians the whole of 2015. The company's initial tax structure is a cause of concern for the government, given its pursuit to end tax avoidance by multinational companies, according to an expert. Uber is global company that is worth US$20 billion (AU$28.44 billion) but has listed a tax bill in Australia of just US$18,000 (AU$25,592), according to the ASIC reports.

Read More: http://www.ibtimes.com.au/experts-suspect-tax-avoidance-uber-australia-1469658
 

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Uber, along with Airbnb, has been summoned to face the Senate tax avoidance enquiry in October after filing its first set of income accounts with the Australian Securities and Income Commission. The accounts covered the initial start-up phase of nine months to June 2013.

The numbers submitted by the multinational cab hailing company is too little compared to the huge number of rides it offered the Australians the whole of 2015. The company's initial tax structure is a cause of concern for the government, given its pursuit to end tax avoidance by multinational companies, according to an expert. Uber is global company that is worth US$20 billion (AU$28.44 billion) but has listed a tax bill in Australia of just US$18,000 (AU$25,592), according to the ASIC reports.

Read More: http://www.ibtimes.com.au/experts-suspect-tax-avoidance-uber-australia-1469658
Lol, a few years ago, I paid more than that in taxes by MYSELF.

http://www.48hills.org/2014/07/10/u...-costs-government-millions/#permanently-moved
 

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Every person who sees an accountant goes there to minimise tax.
Is the fact that companies do the same thread-worthy?
 

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This is why I suspect Tony Abbot was kicked out of office, in case none of you realise was because of this enquiry. You cannot threaten Google and those guys and get away with it.
Gough Whitlam upset the Americans by threatening to close Pine Gap, gone.
K.Rudd, gone after going after the mining companies.
JFK is another but I will be accused of a h a t e crime if I mention why he was killed.
Many others I could mention.
 

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Uber isn't making much money in Australia yet. It is prepared to only brake even for the first few years. You only pay profit on tax.
 

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I think it's safe to say that nearly all promotions are an expense to a business, doesn't mean the P&L shows red
 
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